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Sep 30, 2012
09/12
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WJLA
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one thing that both sides could agree on today is the pace of deficit reduction. they may go about it different ways but we need to bring the deficit down graduly. right now we are facing the fiscal cliff. nothing will be resolved before november. i believe political forces after the november election will push both sides to a compromise. the one tax that will come down is the uncertainty tax. the uncertainty of washington politics will be positive for the u.s. economy. >> that's true. companies have been in lockdown mode. they don't want to make a decision with uncertainty out there. >> it is infuriating. >> it is. >> watatching washington not understand the incredible drag they put on the u.s. economy by not making a decision. american business is very good at makes money if they tell you the rules of the game. it is like you are playing the first half of the game but you don't know the rules the second half. what does everybody do? they wait and see. getting past that, a plan to bring the deficit down gradually and knowing the taxes over the next decade would b
one thing that both sides could agree on today is the pace of deficit reduction. they may go about it different ways but we need to bring the deficit down graduly. right now we are facing the fiscal cliff. nothing will be resolved before november. i believe political forces after the november election will push both sides to a compromise. the one tax that will come down is the uncertainty tax. the uncertainty of washington politics will be positive for the u.s. economy. >> that's true....
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it's very substantial becoming one of the biggest line items aha well how nice of them you know the deficit needs all the help it can get but i can imagine that this has some impact on distorting markets to put it mildly and possibly some impact on confidence in the u.s. dollar as the reserve currency as the world still currently looks at it to be so what does it have that the fed is it has this large of a controlling stake in the market was the purchaser of sixty one percent of the treasuries that the treasury issued last year according to one figure i saw yeah i think it's starting to make people question you know what is the value of treasuries how should we be looking at them and i think you know a lot of people look at historical data and show what's the dividend yield on the s. and p. five hundred versus treasuries and by that measure it comes up with stocks looking very cheap i think a lot of people are going to pausing and scratching their heads and saying ok well that's fine but what happens of the fed backs out of the treasury market where's the real market clearing rate so then w
it's very substantial becoming one of the biggest line items aha well how nice of them you know the deficit needs all the help it can get but i can imagine that this has some impact on distorting markets to put it mildly and possibly some impact on confidence in the u.s. dollar as the reserve currency as the world still currently looks at it to be so what does it have that the fed is it has this large of a controlling stake in the market was the purchaser of sixty one percent of the treasuries...
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Oct 3, 2012
10/12
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CNBC
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if you think about how we're running our country right now, we have about a 10% deficit when you look at the revenues we're bringing in and expenditures we have. rising interest rates would only exacerbate that problem. all of the policymakers know that, both on the monetary side and fiscal side. >> that's kind of a scary thought when you think about it. you seem to be saying that bernanke or whomever may run the fed in the future is going to be behold ton lower rates not necessarily to help jump-start the economies as well as make sure we don't get swamped by our budget deficit, if rates went up, our interest payments would escalate dramatically. >> david, that's exactly right. we may not be able to jump-start the economy. perhaps the best we can do is keep it from going into a free fall. that's a reality we're all contending with right now. >> all trying to figure out where we put our money in that scenario. lee, that for your time. lee partridge from salient partners. back to you guys. >>> there is mounting evidence that housing is really starting to turn the corner and the re-fi b
if you think about how we're running our country right now, we have about a 10% deficit when you look at the revenues we're bringing in and expenditures we have. rising interest rates would only exacerbate that problem. all of the policymakers know that, both on the monetary side and fiscal side. >> that's kind of a scary thought when you think about it. you seem to be saying that bernanke or whomever may run the fed in the future is going to be behold ton lower rates not necessarily to...
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Sep 29, 2012
09/12
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CNN
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more jobs will slash that deficit. >>> our third story, another day, another bad set of numbers for mitt romney. there are two new polls today by the american research group and they have mitt romney trailing president obama in two more swing states. five points in new hampshire and two in virginia. although i wanted to highlight the virginia one. there had been other polls to show that gap wider. this would be a much better than expected result than some of the others we've seen. this week -- has not been kind to the republican candidate as polls have shown him falling behind the president. but he is not showing any change in confidence. >> i've got a little secret here and that is that obama campaign thinks that pennsylvania is in their pocket. they don't need to worry about it. and you're right and they're wrong. we're going to win pennsylvania. we're going to take the white house. >> he's going to have to overcome a big deficit to do it, but people do like a comeback kid. max, jen, the obama campaign press secretary. two very different problems. one, you don't want to get complacent
more jobs will slash that deficit. >>> our third story, another day, another bad set of numbers for mitt romney. there are two new polls today by the american research group and they have mitt romney trailing president obama in two more swing states. five points in new hampshire and two in virginia. although i wanted to highlight the virginia one. there had been other polls to show that gap wider. this would be a much better than expected result than some of the others we've seen. this...
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Sep 28, 2012
09/12
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KRCB
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. >> platinum and palladium demand is sort of in a deficit. you do have supply. you would say, well, maybe we're not producing enough. these are very difficult metals to produce. the supply constraint is such that you can't just kick new production on. as i say, it comes out of south africa. it comes out of russia, and our mine in montana. so the two metals are used primarily for the same product. and that is catalytic converters in cars. you have kind of a surging market for cars. you have the regulatory requirements stepping up in the cars. and you've got sort of this price-driven move from platinum to palladium, so the madeium is getting the bigger mrketn the cars than platinum has had in the past. so essentially the demand is really quite strong. >> tom: frank, with that cupid of demand outlook for platinum, how do you explain the price differential between gold and platinum. traditionally, as you are well aware, gold is priced per ounce below platinum but right now gold is about $100 above platinum. >> people are looking forward and saying they want somethin
. >> platinum and palladium demand is sort of in a deficit. you do have supply. you would say, well, maybe we're not producing enough. these are very difficult metals to produce. the supply constraint is such that you can't just kick new production on. as i say, it comes out of south africa. it comes out of russia, and our mine in montana. so the two metals are used primarily for the same product. and that is catalytic converters in cars. you have kind of a surging market for cars. you...
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Sep 29, 2012
09/12
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CNN
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i know we have a tough time with our deficit, with the budget, but people are so important, and every up with of these people who is safe, right now, only a 1-100 chance that a victim of human traffic willing be saved. when you meet that person, you meet that survivor, and survivors they, they are incredible. but you look into their eyes and you understand person to person viceraly, what they have gone through, being treated lower than an animal and see the bravery, the courage, the fort t fortitude to help others. and they are so altruistic. i was at the table with the survivors when president obama gave the shoutout. they were blown away and everybody gave him a standing ovation. a very big day for them. they influenced his speech. >> those numbers sure do not add up. thank you for taking the time to share more information about this with us and our viewers. >> thank you. >> to learn more, go to our blog, cnn.com/outfront. >>> you thought the fight over unions was over in michigan, it's kind of quiet. you are dead wrong. [ male announcer ] citi turns 200 this year. in that time ther
i know we have a tough time with our deficit, with the budget, but people are so important, and every up with of these people who is safe, right now, only a 1-100 chance that a victim of human traffic willing be saved. when you meet that person, you meet that survivor, and survivors they, they are incredible. but you look into their eyes and you understand person to person viceraly, what they have gone through, being treated lower than an animal and see the bravery, the courage, the fort t...
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Oct 3, 2012
10/12
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CNBC
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his plan would probably explode the budget deficit. it's not a fiscally responsible plan. >> isn't it true, chris, that he has said he needs to work with congress in terms of going into the specifics of what those loopholes are? >> well, that's true. ultima ultimately, congress, in particular the house ways and means committee, would ultima ultimately write any major tax reform plan. my problem here is tax reform is supposed to be about simplification. i think romney's $17,000 cap would complex complex if i the . that would add a whole bunch of new leans to the 1040, which would make the code more complex. i think we should go to something like the paul ryan house plan he introduced a couple years ago which would eliminate virtually all deductions and credits and use the money to simplify the tax structure down to 10 and 25%. romney needs to be more bold here. his running mate has the bold ideas for tax reform. that's where we should be going here. >> you know, we've had various members of the house ways and means committee on this pro
his plan would probably explode the budget deficit. it's not a fiscally responsible plan. >> isn't it true, chris, that he has said he needs to work with congress in terms of going into the specifics of what those loopholes are? >> well, that's true. ultima ultimately, congress, in particular the house ways and means committee, would ultima ultimately write any major tax reform plan. my problem here is tax reform is supposed to be about simplification. i think romney's $17,000 cap...
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maybe recreation is the way out do you think we also hear that athens as well as trying to reduce his deficit these huge cuts is planning as well to build a multi-million euro formula one track yes that being decided well it's sensational happy having written for you know the bible of motor sport the weekly also sport many years ago actually qualified to talk x. and this is just absolutely insane and of. or screens should be promoting tourism but surely they should be promoting tourism and all of those beautiful enjoy the artifacts that come from the ancient greek civilization which was about the last time that they actually managed to help the economy in balance rather than sitting here and trying to build another incredible pillar of the eccleston empire formula one i'm all for motorists thing but i don't see why greek pensioners should be starving get a point in time when they lay one hundred million euros worth of tarmac for the formula one so it's a funny world patrick young writer executive director of investment consultancy devi advisor to leave it there but thank you. right right now
maybe recreation is the way out do you think we also hear that athens as well as trying to reduce his deficit these huge cuts is planning as well to build a multi-million euro formula one track yes that being decided well it's sensational happy having written for you know the bible of motor sport the weekly also sport many years ago actually qualified to talk x. and this is just absolutely insane and of. or screens should be promoting tourism but surely they should be promoting tourism and all...
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Sep 25, 2012
09/12
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FBC
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i think they could focus on the trade deficit with china because the money goes to china is money that leaves but doesn't come back to, buy foreign products but doesn't buy american products. that is one problem. the other is, if we develop more domestic energy even consuming same amount that is much less for the middle east that doesn't come back. finally, i think, small businesses could use a lot of help from the banks. that is banks were more able and ready to lend. and recognizing that the, the banking crisis that we had in 2008 and nine wasn't from lack of regulation but it was failure of regulations we had. melissa: yeah. >> dodd-frank was really more than we needed. sarbanes-oxley was supposed to solve most of those problems. melissa: clint, is there one thing the government could do to help you out right now? >> yeah, just get the hell out of the way. that's all i'm asking. get out of the way. melissa: clint, you're not one to mince words. i think i love you. i mean thank you for coming on. >> i like that. melissa: yeah i do too. thanks, guys. moving on to global issues. more t
i think they could focus on the trade deficit with china because the money goes to china is money that leaves but doesn't come back to, buy foreign products but doesn't buy american products. that is one problem. the other is, if we develop more domestic energy even consuming same amount that is much less for the middle east that doesn't come back. finally, i think, small businesses could use a lot of help from the banks. that is banks were more able and ready to lend. and recognizing that the,...
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government bonds issued by the treasury which then the treasury uses to pay down the debt to finance the deficit at a low levels so it's a very vicious cycle that maybe people aren't as aware of the impacts and we're going to talk about it right that's all coming up next on the capital account with lauren lester thanks lauren that's going to do it now for the news but you can always check out our you tube channel you tube dot com slash r t america our website our t.v. dot com slash usa follow me on twitter as well we'll be back here and a half hour. i've . not. easy to be. easy to. see.
government bonds issued by the treasury which then the treasury uses to pay down the debt to finance the deficit at a low levels so it's a very vicious cycle that maybe people aren't as aware of the impacts and we're going to talk about it right that's all coming up next on the capital account with lauren lester thanks lauren that's going to do it now for the news but you can always check out our you tube channel you tube dot com slash r t america our website our t.v. dot com slash usa follow...
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Sep 25, 2012
09/12
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CNBC
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inherited a budget deficit of $27 billion. we've whittled that thing down. we're almost at balance. to get over the finish line, we need more income. that can come from the highest income earnings and one penny on a $4 purchase. that's the small sales tax. what's good about this, people get to choose. they can say no to those taxes, then we've got to cut. you can't take blood out of a turnip, as they say. we need the revenue to put into the schools or else. the people say no, i get it, and we'll manage austerity and we'll do it the best way we can. >> last question. so you say that gets us over the finish line, but doesn't the whole system need to be fixed in california with costs rising that got us here in the first place? >> oh yeah. that's why we have pension reform. we just had a dramatic change in reform in our workers compensation, and yeah, there's plenty. you find a lot of people in businesses, in churches, in universities and schools. they got flaws. and guess what, government's got some flaws. so the problems are never fully solved. got to keep at it. i've been at this bus
inherited a budget deficit of $27 billion. we've whittled that thing down. we're almost at balance. to get over the finish line, we need more income. that can come from the highest income earnings and one penny on a $4 purchase. that's the small sales tax. what's good about this, people get to choose. they can say no to those taxes, then we've got to cut. you can't take blood out of a turnip, as they say. we need the revenue to put into the schools or else. the people say no, i get it, and...
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Sep 27, 2012
09/12
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FBC
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narrowing the trade deficit and keeping manufacturing at home. the ceo of export now is telling us how his company is making it easier than ever for u.s. businesses to sell their products in china. >>> mitt romney's energy plan for drilling and mining on public lands will create millions of jobs and bring millions for state revenue. so who should be in control, the state or the feds? we'll be discussing that, coming up next. ♪ . i know the name of eight princesses. i'm an expert on softball. and tea parties. i'll have more awkward conversations than i'm equipped for because i'm raising two girls on my own. i'll worry about the economy more than a few times before they're grown. but it's for them, so i've found a way. who matters most to you says the most about you. massmutual is owned by our policyholders so they matter most to us. massmutual. we'll help you get there. monarch of marketing analysis. with the ability to improve roi through seo all by cob. and you...rent from national. because only national lets you choose any car in the aisle...
narrowing the trade deficit and keeping manufacturing at home. the ceo of export now is telling us how his company is making it easier than ever for u.s. businesses to sell their products in china. >>> mitt romney's energy plan for drilling and mining on public lands will create millions of jobs and bring millions for state revenue. so who should be in control, the state or the feds? we'll be discussing that, coming up next. ♪ . i know the name of eight princesses. i'm an expert on...
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Sep 28, 2012
09/12
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KGO
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by 386,000 if estimate is confirmed in the final report it will more than wipe out the 261,000 job deficit we had been looking at that the economy loss since the president took office. even with the job creation the unemployment rate of 8.5% higher than the 7.8% when he took office. stocks on the defensive, losing streak yesterday, under pressure the dow down 100 points bloomberg index is trading slightly lower. witches, princesses, vampires, batman among top choices for halloween costumes more than a million adults and kids plan to does as some type of athlete more than 75,000, a political costume as americans gear up to spend 8 billion dollars. >>> any thoughts about what we are going as? >> teletubbies. >> are you? >> all of us. scary. >> she will trick-or-treat alone this year folks. >> it feel too much like halloween is around the corner. going to feel like a return to summer. >> warm weather on the waymont diablo from vollmer peak haze around the east bay valleys, hills. flight arrival delays into sfo because of the low clouds this morning about 71 minutes there oakland, san jose on
by 386,000 if estimate is confirmed in the final report it will more than wipe out the 261,000 job deficit we had been looking at that the economy loss since the president took office. even with the job creation the unemployment rate of 8.5% higher than the 7.8% when he took office. stocks on the defensive, losing streak yesterday, under pressure the dow down 100 points bloomberg index is trading slightly lower. witches, princesses, vampires, batman among top choices for halloween costumes more...
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Sep 28, 2012
09/12
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CNBC
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this in seven weeks before the presidential election we have a truth deficit in this country. and so don't sort of move around your statement saying we're out to produce the best products. are you? because what it sounds like to me is you're out to have the solid monopoly in apple product, you're sort of outpacing google now. and you're not doing it well. >> i know we've got to go. louis c. case said? >> you remind me of him. >> oh, god. but you're sitting in an airplane seat flying in a tin can at 30,000 feet and you're complaining because you don't have wi-fi. >> i know. >> you're in a can in the air. and you're traveling through space and time. and you're worried about no wi-fi. i don't know if i'm making the point or not. >> you're apple. >> i agree. too many outlets. >> the standard is high. >> the standard is high up and yes, too many outlets. >> i need an mimosa now after that rant. >> good job. >> was a drink named after you? >> the flower. the national flower of australia. >> yeah, waddle. what we call a waddle. you call it mimosa. >> mine apparently is the cactus. pr
this in seven weeks before the presidential election we have a truth deficit in this country. and so don't sort of move around your statement saying we're out to produce the best products. are you? because what it sounds like to me is you're out to have the solid monopoly in apple product, you're sort of outpacing google now. and you're not doing it well. >> i know we've got to go. louis c. case said? >> you remind me of him. >> oh, god. but you're sitting in an airplane seat...
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Sep 27, 2012
09/12
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CSPAN2
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deficit reduction enacted now with enforceable limitation of limited period down the road would provide time, hopefully, for recovery to take gold and could contribute significantly to that recovery by ginger in economic confidence and by creating a fiscal content that would allow a stimulus. more broadly, the hamilton project convenes to liberation of her aspects of our broader shorter-term duress, including stimulus and mortgage relief. but our primary focus continues to be long-term economic policy. turning to the longer-term, our country has enormous strengths, dynamic and entrepreneur culture or ask not your resource, rule of law, flexible labor and capital markets, and so much else. dust, -- that's there are immediate hardships to be addressed. we are well-positioned to succeed for the transforming global economy. however realizing that potential requires sound fiscal conditions instead of the current unsustainable and dangers fiscal trajectory, strong public investment in areas critical to economic success, and reform in non-budgetary areas such as health care, energy, immigratio
deficit reduction enacted now with enforceable limitation of limited period down the road would provide time, hopefully, for recovery to take gold and could contribute significantly to that recovery by ginger in economic confidence and by creating a fiscal content that would allow a stimulus. more broadly, the hamilton project convenes to liberation of her aspects of our broader shorter-term duress, including stimulus and mortgage relief. but our primary focus continues to be long-term economic...
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we are running a trillion dollars deficit. once we start paying a real normal interest rate on that 20 trillion, it will send the budget even deeper. dagen: all of what you are saying makes perfect sense. i have argued for years that the american people will not vote to pick that until they feel it is home. runaway inflation like the 1970s and skyhigh interest rates like people saw 30 some odd years ago. that is not the case today. if it was laid out just like that, do you think they would vote based on that? >> i think they will not have a choice. when the crisis comes we will not have a choice to say let's wait a couple years until things get better. we will have to face the music like most of europe is today. the only reason we are not being forced to make a choice is the federal reserve. david bernanke. all of these lunatics who have driven the interest rate down to zero and telling congress and presidential candidates to not worry about the deficit because you can finance another trillion dollars for free. i know that 70
we are running a trillion dollars deficit. once we start paying a real normal interest rate on that 20 trillion, it will send the budget even deeper. dagen: all of what you are saying makes perfect sense. i have argued for years that the american people will not vote to pick that until they feel it is home. runaway inflation like the 1970s and skyhigh interest rates like people saw 30 some odd years ago. that is not the case today. if it was laid out just like that, do you think they would vote...
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Sep 28, 2012
09/12
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CNBC
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tough budget deficit with 43 new rules in it. let's see how this works out. today, though, today is all about the banks. and today i'm just wondering following on from the chihuahua we saw earlier and if we're being sold a pup on the spanish market story because the banks will be told by the big four auditors that they potentially have shortfalls of capital of 62 billion euros. that's okay, though, because that's well within the parameters of the 100 billion euro credit line coming from the center of europe. but is this stress test strenuous enough, is it just a snapshot in time? because we still have a falling housing market. price down between 20% and 30% and no sign yet of that house price falls stopping. we've got deposit flight. if more deposits are taken out, they need more capital. there are concerns also about bad date. the latest figures from the bank of spain with 9.9% of debt in arrears. that's 169 billion euros. and then the thorny question of the bad bank. you may say they're all bad banks, but the bad bank is actually where are they going to put
tough budget deficit with 43 new rules in it. let's see how this works out. today, though, today is all about the banks. and today i'm just wondering following on from the chihuahua we saw earlier and if we're being sold a pup on the spanish market story because the banks will be told by the big four auditors that they potentially have shortfalls of capital of 62 billion euros. that's okay, though, because that's well within the parameters of the 100 billion euro credit line coming from the...
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Sep 28, 2012
09/12
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WRC
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americans can afford it. reduce our deficit by... next decade, on top of the... already cut. little more. afghanistan... pay down our debt and... nation-building... right here at home. patriotism, rooted in the... begins with a strong... thriving middle class. read my plan. and decide for yourself. thanks for listening. this message. >>> if you look at it hard enough, you can find some strange sites on google map street view. a woman used street view for directions to jacksonville, texas and she found what you see right there, that thing right there whatever it is. she thinks it's a ufo. of course, it could just be sun glare maybe. a similar image can reportedly be found near a casino in new mexico. both are near a mcdonald's. it's a big mac. >> i've got jesus in an oil stain in my driveway. still ahead -- >> do you really because that's a new story? >> no, i don't. >>> still ahead how a unique website turned a struggling 1st grade teacher into a big time millionaire. >> plus a man who calls himself an agent of the holy spirit says he has good reason to steal the documents from the pope.
americans can afford it. reduce our deficit by... next decade, on top of the... already cut. little more. afghanistan... pay down our debt and... nation-building... right here at home. patriotism, rooted in the... begins with a strong... thriving middle class. read my plan. and decide for yourself. thanks for listening. this message. >>> if you look at it hard enough, you can find some strange sites on google map street view. a woman used street view for directions to jacksonville,...
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Oct 1, 2012
10/12
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CNNW
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the europeans roaring bang from a 10-4 deficit late saturday to take a tuning 14 1/2 to 13 1/2 point win. germany's martin kaymer sank a putt on the final hole to seal the victory. honestly it was all lost well before that. europe has won the seven out of the last nine ryder cups. and soledad i don't know if you had a chance to watch this debacle. a debacle embarrassing. >> yes, it was killing my poor husband. all right, john, thank you. >>> back to our top story this morning. two days until the first presidential debate. both candidates are getting last-minute preparations. "the new york times" reporting that mitt romney is coming armed on wednesday night, writing this, mr. romney's team has concluded the debates are about creating moments and has equipped him with a series of zingers that he's memorized and habeen practicing on airds since august. president obama responded to that report last night with this. >> i know folks in the media are speculating already on who's going to have the best zingers. i don't know about that. who's going to put the most points on the board. governo
the europeans roaring bang from a 10-4 deficit late saturday to take a tuning 14 1/2 to 13 1/2 point win. germany's martin kaymer sank a putt on the final hole to seal the victory. honestly it was all lost well before that. europe has won the seven out of the last nine ryder cups. and soledad i don't know if you had a chance to watch this debacle. a debacle embarrassing. >> yes, it was killing my poor husband. all right, john, thank you. >>> back to our top story this morning....
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Sep 28, 2012
09/12
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CNBC
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unveiling a 75% supertax rate for the wealthy as part of the eurozone country's plan to bring down its deficit. so which other countries have super-high tax rates? and what are the implications here in the u.s., robert frank? >> reporter: well, franco francois allan brought bad news for the french today. this increases their tax rate from 48% to a whopping 75% income tax rate. this would apply to people who make more than 1 million euros a year. and france now by far has the highest income tax in the world. if you look at this chart you see france there at number one, second place is aruba followed by sweden, 56%. then the u.s. way down on the ranks at number 35. sort of in the middle of the whole list with its again 35% top tax rate in the u.s. early estimates said this 75% tax rate would only affect around 30,000 taxpayers. but i've been on the phone with a lot of french tax lawyers this morning. they said the number's far lower. maybe only 2 to 3,000 people in france would actually pay this tax. the reason is that this tax really only applies to salary and ordinary incomes. it doesn't apply
unveiling a 75% supertax rate for the wealthy as part of the eurozone country's plan to bring down its deficit. so which other countries have super-high tax rates? and what are the implications here in the u.s., robert frank? >> reporter: well, franco francois allan brought bad news for the french today. this increases their tax rate from 48% to a whopping 75% income tax rate. this would apply to people who make more than 1 million euros a year. and france now by far has the highest...
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Sep 28, 2012
09/12
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FOXNEWSW
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part of the budget reform hike taxes on the wealthy to reduce france's deficit amidst all of. calling for 7 a% tax on the super rich. aruba, sweden and denmark and netherlands have the highest tax rates between 50 and 60%. u.s. caps income tax rates currently at much lower 35%. critics say france's proposed hikes will back fire by putter hurting businesses. police in canada busted three men, including one current and one former police officer for smuggling cheese and other foods across the border cost more in canada than the lower 48. suspects bought $200,000 of the stuff buffalo, new york. drove some 22 miles into canada without declaring it to customs. sold it to canadian restaurants and made more than $165,000 in profit. off cheese. one day after israel's prime minister netanyahu drew a red line. he spoke about the iranian nuclear threat. we will have details from both phone calls. word of another football bounty scandal. but not in the nfl this time. peewee wait until you hear this. bob... oh, hey alex. just picking up some, brochures, posters copies of my acceptance speec
part of the budget reform hike taxes on the wealthy to reduce france's deficit amidst all of. calling for 7 a% tax on the super rich. aruba, sweden and denmark and netherlands have the highest tax rates between 50 and 60%. u.s. caps income tax rates currently at much lower 35%. critics say france's proposed hikes will back fire by putter hurting businesses. police in canada busted three men, including one current and one former police officer for smuggling cheese and other foods across the...
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Oct 3, 2012
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you mentioned that mitt romney's closed the deficit among likely voters for obama from five points to three points. and in florida, he's closed from five down to one which is tied given the margin of error in our poll. in virginia, he has closed the gap from five to two. if you look at the state of ohio, a must-win state for mitt romney, mathematically possible for him to get to it without it but his strategists think he needs it. he needs to make progress there. but the fact that some of the national polls are coming back a little bit, some of the swing state polls are tightening, is a bit of an earn couragement for romney that he still has an opportunity for deficit with three or four points to change the dynamic in some way. he's got to hope that obama is not on his best game. you could have a scenario that like what happened in 2000 where george w. bush moved significantly without gore and ultimately became president. >> it's interesting that the poll also shows, as you mention, this 12% of swingable votes in the middle that he could potentially get a hold of. also ensuring that t
you mentioned that mitt romney's closed the deficit among likely voters for obama from five points to three points. and in florida, he's closed from five down to one which is tied given the margin of error in our poll. in virginia, he has closed the gap from five to two. if you look at the state of ohio, a must-win state for mitt romney, mathematically possible for him to get to it without it but his strategists think he needs it. he needs to make progress there. but the fact that some of the...
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. >> trillion dollar deficits, that debt is owned by somebody. someone holds that. that puts america in a position of economic risk. >> more than half the country has already started early voting. the first presidential debate on wednesday in denver. >>> the newest nobel peace price laureate will be right here in the bay area this weekend. she is a leader who is outspoken and a critic of the myanmar military. this marks her first visit to the u.s. since 1971. she will be speaking at the san francisco freedom forum this evening. tomorrow she'll address a crowd of about 5,000 at the university of san francisco. while both event are sold out, they're also being streamed online. >>> now reports that apple founder steve wozniak wants to become an australian citizen, scott mcgrew had to find out for himself. >> you met him at the airport. >> reporter: a reporter probably the last thing hematomaed to see but he was grarks, woz aullways is. he just asked we not videotape the conversation. the apple co-founder seen here in file video told me he's spending a lot of money appl
. >> trillion dollar deficits, that debt is owned by somebody. someone holds that. that puts america in a position of economic risk. >> more than half the country has already started early voting. the first presidential debate on wednesday in denver. >>> the newest nobel peace price laureate will be right here in the bay area this weekend. she is a leader who is outspoken and a critic of the myanmar military. this marks her first visit to the u.s. since 1971. she will be...
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. >> i don't see how we will pay for the deficit without -- stuart: un obama supporter? >> i am not an obama supporter but i still can't believe a situation where we will get out of this without doing something. we are not raising revenue and -- stuart: you raise revenue by lowering tax rates and getting rid of some loopholes and deductions. that is how you raise revenue. >> if we remove loopholes for taxes it is the same as raising taxes. right? stuart: somebody was in my ear. say that again. >> if you reduce the loopholes on people taking deductions you are essentials raising taxes. stuart: when you lower tax rate you create incentive to work harder or take a second job and therefore you boost the economy and bring more money to the central government without raising tax rates for taxes themselves. i got to go. glad you stuck around. tax reform. that was very useful. come back when we have more time. dow industrials are down 101 points. next the women's vote. especially unmarried women leans heavily towards president obama. why is that? have they not been paying attent
. >> i don't see how we will pay for the deficit without -- stuart: un obama supporter? >> i am not an obama supporter but i still can't believe a situation where we will get out of this without doing something. we are not raising revenue and -- stuart: you raise revenue by lowering tax rates and getting rid of some loopholes and deductions. that is how you raise revenue. >> if we remove loopholes for taxes it is the same as raising taxes. right? stuart: somebody was in my...
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the romney campaign is firing back as in, hey, a humongous deficit is not patriotic. >> this is a land where economic freedom has allowed people to pursue their dreams and in doing so and achieving success, they lift us as a nation, they give us jobs, i will not apologize for success here and i will never apologize for america abroad. >> how's that for economic patriotism, whatever that is? so the talk back question for you this morning, is there such a thing as economic patriotism, facebook.com/carolcnn, your responses later this hour. >>> when we think of bounties in footll now we think of the new orleans saints. saints' head coach, sean payton is on the golf course instead of the football field this season after the nfl suspended him for his role in bountygate. a former assistant of another team says his players were offered cash for big hits on opponents. these weren't nfl players. they were 10 year-olds. here's casey wian. >> reporter: the 2011 red cobra's pop warner football team went undefeated in the regular season. >> this was a team that knew it was on the verge of greatness
the romney campaign is firing back as in, hey, a humongous deficit is not patriotic. >> this is a land where economic freedom has allowed people to pursue their dreams and in doing so and achieving success, they lift us as a nation, they give us jobs, i will not apologize for success here and i will never apologize for america abroad. >> how's that for economic patriotism, whatever that is? so the talk back question for you this morning, is there such a thing as economic patriotism,...
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Oct 2, 2012
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>> there's no question the deficits have exploded under them. the last two decades among the two wars and the mistakes in my opinion, we blew a lot of money. multiples of what we blew before. so, you know, my attitude is that -- >> jimmy, my question is do you have any confidence no matter who is in office that actually the hard cuts that need to be made ultimately to make any text plan deficit neutral are actually going to happen? >> and my question to you comes down to a simple question. >> do you believe in the tooth fairy? >> who does the president listen to? i wonder if you could name for me four or five executives who have been advising the president and that he's been listening to. okay, four. okay, three. okay, two. okay, one. i'm waiting. one name. >> well -- >> you would argue -- >> if you think general electric the irrelevant to what's wrong with the country today. >> we have steve case on the air a lot who makes that argument. i think you are probably more right than wrong. >> ubs was losing their clients because of their affiliate w
>> there's no question the deficits have exploded under them. the last two decades among the two wars and the mistakes in my opinion, we blew a lot of money. multiples of what we blew before. so, you know, my attitude is that -- >> jimmy, my question is do you have any confidence no matter who is in office that actually the hard cuts that need to be made ultimately to make any text plan deficit neutral are actually going to happen? >> and my question to you comes down to a...
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the europeans roaring back from a deficit to stage a breathtaking 4 1/2 to 13 1/2 point win. sinking a five-put putt to seal the victory. europe's tseventh victory. >> we have to listen to peiers morgan now. >>> and the super bowl champion new york giants lost to the eagles and the eagles undefeateda dramatic win against the panthers. featuring two long bombs by matt ryan in the closing minutes. extraordinaire. >> i can't believe you watched it. >> amazing powers and inabilities to watch sports even if it means sacrificing sleep. >>> another water cooler topic. arnold schwarzenegger puts himself in the hot seat answering questions about his failed marriage, his affair, his love child, and the fact that he performed same-sex marriages while in office. we're going to hear directly from arnold, coming up next. >> big. ♪ well, he's not very handsome ♪ to look at [ sighs ] ♪ oh, he's shaggy ♪ and he eats like a hog [ male announcer ] the volkswagen jetta. available with advanced keyless technology. control everything from your pocket, purse, or wherever. that's the power o
the europeans roaring back from a deficit to stage a breathtaking 4 1/2 to 13 1/2 point win. sinking a five-put putt to seal the victory. europe's tseventh victory. >> we have to listen to peiers morgan now. >>> and the super bowl champion new york giants lost to the eagles and the eagles undefeateda dramatic win against the panthers. featuring two long bombs by matt ryan in the closing minutes. extraordinaire. >> i can't believe you watched it. >> amazing powers and...
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minors slumped following a short rise in the trait deficit. india now higher by .2%. >> up next, uk drinks maker have been given an extinction to survive. that's up next. >>> and now for a fluffy news story. we don't always get to do this. looking at pictures of cute animals may actually increase workers' concentration and productivity. that's according to researchers at the university of hiroshima. does your cute puppy or cat increase your productivity? if you want to join the conversation, get in touch with us by e-mail, via twitter, and i'm also on twitter as well. >>> the french president is facing some pest problems. a small group of entrepreneurs are making headlines in france with the protest against a jump in capital gains tax, calling themselves the pigeons, that's french surveillance for the fall guys. their viral campaign has attracted thousands of followers on facebook and twitter. let's get out to stephane in paris who's been following the pigeons. always sounds more attractive in french. holland is facing no shortage against the
minors slumped following a short rise in the trait deficit. india now higher by .2%. >> up next, uk drinks maker have been given an extinction to survive. that's up next. >>> and now for a fluffy news story. we don't always get to do this. looking at pictures of cute animals may actually increase workers' concentration and productivity. that's according to researchers at the university of hiroshima. does your cute puppy or cat increase your productivity? if you want to join the...
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and we need to cut -- close the deficit by a trillion. we got a trillion dollar deficit and it raises like -- i think it's less. maybe 40 billion. >> are you correct, it's not sufficient. >> and he's not talking about anything else. you can keep your entitlement, keep this -- he's not talking about doing specific things with entitlements. >> you're right to this extent. he's not talking specifics on entitlements. >> it's mostly we'll tax rich people so that -- or people that make over 250 and you'll basically get to keep everything including the phones. >> joe, i thought you either wanted to talk about the last minute kick that a billy -- >> i didn't see that. oh, the redskins. >> or my terrific story on debates in the "new york times" this morning. >> it was between piece. it was a very good piece. >> i did see that. >> thank you. let me recap. >> you didn't even mention the bengals beat the redskins. >> i was going to if you brought it up. and congratses on the reds, too. they have tied the nationals for best record in baseball. so we'v
and we need to cut -- close the deficit by a trillion. we got a trillion dollar deficit and it raises like -- i think it's less. maybe 40 billion. >> are you correct, it's not sufficient. >> and he's not talking about anything else. you can keep your entitlement, keep this -- he's not talking about doing specific things with entitlements. >> you're right to this extent. he's not talking specifics on entitlements. >> it's mostly we'll tax rich people so that -- or people...
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when the dot-com mania ended, the economy went into recession and became a deficit. when the home price boom ended we had the pan ic of '08. they were terrific as they lasted, but ended in tears. how about the current bubble? that would be federal debt. it's not widely understood, but that money that ben bernanke has been printing has been used to buy that debt and that's pushed treasury prices way up, bubble level. it is a bubble. what happens when it bursts? it will eventually. pretty soon people who lend it will say you can't pay it back and then you have killed the dollar. and the interest rates goes straight up and the economy goes straight down and ben will be unable to print out of trouble because it was printing that got us into the mess in the first place, i do not have a solution, only the conviction that we're indeed in another bubble and i don't know exactly how it will shake out. i don't know which investment will do well eventually, but i do know that this bubble will burst and when that happens, there will be a river of tears. so anyway, i've been to a
when the dot-com mania ended, the economy went into recession and became a deficit. when the home price boom ended we had the pan ic of '08. they were terrific as they lasted, but ended in tears. how about the current bubble? that would be federal debt. it's not widely understood, but that money that ben bernanke has been printing has been used to buy that debt and that's pushed treasury prices way up, bubble level. it is a bubble. what happens when it bursts? it will eventually. pretty soon...
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there is a bad call that cost you the game, you have to be overcome, you have to overcome two different deficits. i understand if you are on the wrong side of that game the other night, you have a bad taste in your mouth right now. stuart: you do think there could be some loss of business for you guys? >> there is some chatter out there, stuart. i have heard the customers, to the counter and say that that call will put them on the sidelines for a wild. now, of course, if you are on the right side of that, you are ready to be an action for the coming week. stuart: [laughter] i guess so. give me the odds that the regular refs will come back very soon. >> they are a 129 favorite to be back. maybe not this sunday, but certainly the next. they will come together. they will meet somewhere in the middle. i do not know if they will make it by this sunday, but by next sunday they will be there. stuart: wynn las vegas, any plans to give the money back if there is another lousy call that changes outcome of the end of the game? >> i have been on the wrong side of a lot of games, two. it all evens out in the
there is a bad call that cost you the game, you have to be overcome, you have to overcome two different deficits. i understand if you are on the wrong side of that game the other night, you have a bad taste in your mouth right now. stuart: you do think there could be some loss of business for you guys? >> there is some chatter out there, stuart. i have heard the customers, to the counter and say that that call will put them on the sidelines for a wild. now, of course, if you are on the...
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the budget including spending cuts to reduce the deficit. what's the impact of what may well be the world's highest tax on the rich? robert frank takes a deeper look at that. >> thanks, carl. i never thought this would actually happen but the budget unveiled the new budget and it's bad news for france. people in france who make more than 1 million euros a year will have to pay 75%. i'll say it again because it's an amazing number. 75%. this would only affect 30,000 taxpayers and bring in a few hundred million a year, but this would be far and away the highest tax rate in the the world. so let's take a look. we have a chart. france, look at that. number one at 75%. number two is 58% in aruba. the u.s. on the chart ranks 35 on the list with its tax rate of 3 35%. the question now, carl, is whether all these taxes will lead to job flight from france. now tax lawyers i interviewed this morning say they are getting a fairly normal volume of calls. but that's because most people have made plans to leave. we talked about one. bernard arnault. he's
the budget including spending cuts to reduce the deficit. what's the impact of what may well be the world's highest tax on the rich? robert frank takes a deeper look at that. >> thanks, carl. i never thought this would actually happen but the budget unveiled the new budget and it's bad news for france. people in france who make more than 1 million euros a year will have to pay 75%. i'll say it again because it's an amazing number. 75%. this would only affect 30,000 taxpayers and bring in...